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Earnings warning

Super Micro Computer

NSQ:SMCI · US86800U3023
Technology Hardware, Storage & PeripheralsX-Large

360

19
EV / EBIT73
Price / Owner Earnings66
Owner Earnings Yield49
Dividend Yield1
Price/Sales89
EV / Gross Profit30
Price/Book58
Return on Capital46
Cash Return on Capital37
Return on Equity58
EBIT Margin35
Gross Profitability19
Cash Conversion4
Accruals1
Owner Earnings Margin35
Sales growth92
Profit Growth76
Long-Term EPS Growth86
Owner Earnings Growth50
Reinvestment82
Price momentum27
Debt load19
Refinancing95
Debt Payback7
Liquidity79
Analyst ratings11
Opinion Changes54
Price Target Upside71
Market mood51
Value Creation10/20creating some value
  • Creates more value than its capital costs
  • Owner earnings growing
  • Owner earnings per share growing
  • Reinvests at strong returns
  • Solid earnings base

What this means

Super Micro Computer clears its cost of capital, but the record is mixed across the five tests. Real value creation, just not yet consistent.

Profile

CountryUSA
IndustryTechnology Hardware, Storage & Peripherals
SizeX-Large
TypePublic Company
ExchangeNASDAQGS
Founded1993
Employees3,678
ISINUS86800U3023
Last UpdateApr 2, 2026
Themes
Cloud InfrastructureEdge ComputingData Center TechnologyCloud ManagementSupercomputersCloud StorageCloud ComputingEmbedded SystemsManufacturingSoftware

Description

Super Micro Computer, Inc. provides total IT solutions, which address demanding workloads from the enterprise and cloud to the intelligent edge. The company delivers rack-scale solutions optimized for various workloads, including artificial intellige…

Analysis

Weak and unloved

Super Micro Computer, Inc. is weak and unloved: below-average business metrics and a price that reflects that disappointment. One caution: reported profits have recently run ahead of actual cash, which we track closely.

The price is fair. You pay 16.5× its owner earnings: the cash an owner could take out each year, which is in the historically fair zone. At today's price, the market is assuming roughly 4% yearly growth; analysts expect 29%. The price, in other words, assumes less than the experts do.

The trajectory is moderate and the balance sheet is fragile. The company scores 10/20 on our value-creation score: creating some value.

What to watch: Reported profits have run ahead of actual cash for several periods. As always: this describes the company's numbers; it is not a recommendation.

360° rank · history

1007550250
73
2023202420252026

All-time high

99

Jan 2023

All-time low

59

Jan 2025

Average rank

80

across all years

Detailed & Historical Ranks

Deep dive into 15 detailed ranks and 3 years of history.

Current202520242023
Price/Sales
89
62
53
93
Price/Earnings
75
59
56
86
Price/Book
58
41
37
60
Dividend Yield
1
1
1
66
Value (overall)
71
59
69
62

Cells are coloured by rank band (red weak → green strong). Sentiment & 360° history begins 2023.

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Make Sense of the Ranks

Every rank runs 1–100 against true peers. Higher is always better.

360° View
1 · Watch OutGood· 100
Value
1 · ExpensiveGood Value· 100
Quality
1 · Weak FundamentalsHigh Quality· 100
Growth
1 · Tough TimesHigh Growth· 100
Safety
1 · High LeverageWell-Financed· 100
Sentiment
1 · SkepticismPositive· 100
Learn More →